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Digital Yuan

China giving away $6 million in Beijing digital yuan test
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7 June, 2021

China giving away $6 million in Beijing digital yuan test

The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each...
Alipay to enable test of digital yuan
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14 May, 2021

Alipay to enable test of digital yuan

The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is...
China’s retail giant JD.com pays employees with digital yuan
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30 April, 2021

China’s retail giant JD.com pays employees with digital yuan

JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
CBDC development is accelerating, but China isn’t winning the race: PwC report
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24 April, 2021

CBDC development is accelerating, but China isn’t winning the race: PwC report

PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Digital yuan ‘no threat to US dollar, Bank of Japan official says
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23 April, 2021

Digital yuan ‘no threat to US dollar, Bank of Japan official says

A senior executive at the Bank of Japan has said China’s forthcoming digital currency does not pose a threat to...
Macau steps closer to digital yuan use in casinos
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16 April, 2021

Macau steps closer to digital yuan use in casinos

Macau’s Chief Executive Ho Iat Seng informed the Legislative Assembly of plans to “study the feasibility of issuing a digital...
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